Alchemy Pay received a Money Transmitter License from the Arizona Department of Insurance, enabling operations in nine states. It aims to secure additional licenses for broader service availability.
This expansion aligns with a more supportive regulatory climate for cryptocurrencies in the U.S. Under the current administration, enhancing confidence among users.
CMO Ailona Tsik emphasized the company’s focus on regulatory compliance and user safety, ensuring secure transactions between cryptocurrencies and traditional currencies.
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